It was announced, this evening, that ExxonMobil have abandoned controversial plans to construct a CO2 pipeline across the Isle of Wight or on the mainland.

The news was announced by New Forest East MP, Sir Julian Lewis, on his website. The IW Observer spoke to the widely-respected parliamentarian, and the news was later followed up by a statement from the company.

The pipeline plan was to transport liquefied carbon dioxide from Fawley refinery for under-sea storage. The two preferred routes crossed the Isle of Wight North to South or Isle of Wight North to West. Another suggested route cut through Sir Julian’s New Forest constituency.

The company cited to Sir Julian the lack of a stable long-term government strategy, as the primary reason for shelving the £5 billion project. A later statement from them said: “As a result of the continued lack of Government policy certainty and timelines, ExxonMobil will not proceed with the appraisal of CO2 storage opportunities in the English Channel, and associated transportation, at this time.

“Our major investment decisions are informed by several factors including the policy, fiscal and market environment. Over the past three years, we have made sustained efforts with UK government to secure this certainty and enable the large-scale investment required and will maintain collaboration to address the necessary factors.

“We are committed to reducing emissions from our operated assets and continue to evaluate a range of emission reductions solutions that can deliver meaningful CO2 emissions reductions.’’

The surprise decision will come as a huge relief to residents and environmental groups who had expressed concerns about the potential environmental impact and safety risks associated with the pipeline. The company had repeatedly refused to answer detailed questions about the project.

Sir Julian also welcomed ExxonMobil’s continued commitment to its operations in Fawley. The company’s presence continues to be a significant contributor to the local economy.

Environmental groups and local residents had raised multiple concerns about the potential risks to wildlife, marine ecosystems, and the Island’s landscape. More than 30,000 people signed a petition opposing the Island plans, organised by West Wight resident, Chris Davis.

Cllr Claire Critchison, a member of the steering committee fighting the plans, said: “We’re very happy with this decision. The Isle of Wight community has really come together over this. It’s a positive example of victory for people power. It’s been a real team effort. If these plans had gone ahead, it would have had a devastating impact on our environment, people’s lives and businesses. This is such a relief on both sides of the Solent.”

West Wight MP, Richard Quigley, added: “This is good news for the Isle of Wight and Hampshire. It’s also testament to the communities that pulled together to oppose the pipeline.

“The Island may seem insignificant to ExxonMobil, but we don’t roll over easily. The proposal was only ever for the benefit of ExxonMobil.

The Island will be very pleased it isn’t going ahead.”